Atlanta 1/24/2013 7:15:00 PM
News / Real Estate

Close Apartment Loans Quickly with Apartment Bank

An efficient bank program has been created for multi-family housing loans. Apartment Bank has streamlined the process, from application through implementation, so that borrowers can close in record times. Applying for an apartment loan has never been easier with competitive rates and low closing costs through the Apartment Loan Program from Apartment Bank.

Here are a few real cases that closed in record times. A mixed-use refinance of $810,000 in Martinez, CA closed in 45 days. A 34-unit refinance of $1,625,000 in Los Angeles, CA closed in record time with $525,000 in cash-outs. Finally, a San Francisco, CA mixed-use unit loan of $1,825,000 closed in just 35 days!

Apartment buildings must have five or more units to qualify for an fixed loan process apartment loan. They also must meet requirements of under 20% commercial use. Loan amounts are typically issued between $250,000 and $10,000,000. Higher or lower amounts rely on a case-by-case basis. Secondary financing may be allowed in purchase transactions.

To apply for quick, affordable apartment and commercial mortgage loans call (877) 433-4003.